SG Americas Securities LLC Purchases 226,562 Shares of HF Sinclair Corporation $DINO

SG Americas Securities LLC raised its position in HF Sinclair Corporation (NYSE:DINO) by 131.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 399,094 shares of the company’s stock after acquiring an additional 226,562 shares during the quarter. SG Americas Securities LLC’s holdings in HF Sinclair were worth $24,899,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NFJ Investment Group LLC increased its stake in shares of HF Sinclair by 1,275.3% during the 4th quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock worth $86,333,000 after purchasing an additional 1,737,318 shares during the last quarter. Invesco Ltd. raised its holdings in shares of HF Sinclair by 104.3% in the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after purchasing an additional 994,090 shares during the period. Victory Capital Management Inc. lifted its stake in HF Sinclair by 101.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company’s stock valued at $82,712,000 after purchasing an additional 903,177 shares during the last quarter. Merewether Investment Management LP acquired a new stake in HF Sinclair in the 3rd quarter valued at about $35,717,000. Finally, Renaissance Technologies LLC grew its holdings in HF Sinclair by 75.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,418,447 shares of the company’s stock worth $65,362,000 after purchasing an additional 608,472 shares during the period. Institutional investors own 88.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director Rhoman J. Hardy bought 1,508 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was bought at an average price of $66.32 per share, with a total value of $100,010.56. Following the completion of the acquisition, the director owned 15,037 shares of the company’s stock, valued at $997,253.84. This represents a 11.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Matthew Joyce sold 2,384 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total transaction of $166,236.32. Following the completion of the sale, the senior vice president directly owned 14,797 shares of the company’s stock, valued at approximately $1,031,794.81. The trade was a 13.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 13,736 shares of company stock worth $954,694 over the last three months. 0.26% of the stock is currently owned by corporate insiders.

HF Sinclair Stock Up 0.1%

HF Sinclair stock opened at $65.70 on Thursday. The company’s 50-day moving average price is $67.30 and its two-hundred day moving average price is $58.21. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. The stock has a market cap of $11.84 billion, a P/E ratio of 9.88 and a beta of 0.72. HF Sinclair Corporation has a twelve month low of $40.35 and a twelve month high of $74.72.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The company had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the previous year, the company posted ($0.27) earnings per share. The business’s revenue was up 11.8% on a year-over-year basis. As a group, analysts expect that HF Sinclair Corporation will post 8.9 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were paid a $0.50 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.00 annualized dividend and a yield of 3.0%. HF Sinclair’s payout ratio is 30.08%.

Analyst Ratings Changes

A number of equities analysts have weighed in on DINO shares. Scotiabank boosted their price target on HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Barclays lifted their target price on HF Sinclair from $61.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Mizuho restated a “neutral” rating and issued a $79.00 price target (up from $67.00) on shares of HF Sinclair in a research note on Wednesday, May 27th. TD Cowen raised their price target on HF Sinclair from $68.00 to $80.00 and gave the company a “hold” rating in a report on Monday, May 4th. Finally, Morgan Stanley raised their price target on HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $71.64.

HF Sinclair Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.